Petroleum products exports dip by 7.9 pc in April-Nov.

India’s exports of petroleum products fell 7.9% year-on-year to $26.6 billion during April-November of FY26, down from $28.9 billion in the same period last year, according to data from the Petroleum Planning and Analysis Cell (PPAC). In volume terms, however, exports remained largely unchanged at 42.3 million tonnes during the period. Imports of refined oil products stood at $14.7 billion during the eight months, compared to $15.9 billion in April-November of FY25. The country imported 34 million tonnes of petroleum products, a 1% decrease from the same period in the previous fiscal year. In November, six refineries in India and Turkiye exported EUR 807 million of refined oil products partially made from Russian crude to the EU (EUR 465 million), the USA (EUR 110 million), the UK (EUR 51 million), Australia (EUR 150 million) and Canada (EUR 31 million), as per data from Centre for Research on Energy and Clean Air (CREA), as per a report.